The purchaser, Doetsch Bros. Co., an earthmoving contractor, has been in business since 1912. It will relocate its operations from Prospect Heights, a northwest suburb, this fall.

Asking price for the property, which has clearance up to 31 ft. and 6,500 sf of office space, was $2.1 million. The seller was a local private investor, and the local office of CB Richard Ellis arranged the same.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Chicago
Industrial